Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory 11,400 50,500 61,900 Beginning Purchases Available for use Ending Debit Debit Beginning Direct materials used Direct labor Overhead Ending Ending 13,900 Work in Process Inventory Debit Beginning Cost of goods manufactured Available for sale 15,000 48,000 28,500 64,000 155,500 Direct materials used 13,300 Finished Goods Inventory 21,100 142, 200 163,300 18,900 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 48,000 142, 200 144,400
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory 11,400 50,500 61,900 Beginning Purchases Available for use Ending Debit Debit Beginning Direct materials used Direct labor Overhead Ending Ending 13,900 Work in Process Inventory Debit Beginning Cost of goods manufactured Available for sale 15,000 48,000 28,500 64,000 155,500 Direct materials used 13,300 Finished Goods Inventory 21,100 142, 200 163,300 18,900 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 48,000 142, 200 144,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please don't give image format

Transcribed Image Text:Beck Manufacturing reports the following information in T-accounts for the current year.
Raw Materials Inventory
11,400
50,500
61,900
Beginning
Purchases
Available for use
Ending
Debit
Ending
Beginning
Direct materials used
Direct labor
Overhead
Debit
Ending
13,900
Work in Process Inventory
Debit
Beginning
Cost of goods manufactured
Available for sale
15,000
48,000
28,500
64,000
155,500
13,300
Finished Goods Inventory
21,100
142, 200
163,300
Direct materials used
18,900
Credit
Credit
Cost of goods manufactured
Credit
Cost of goods sold
1. Prepare the schedule of cost of goods manufactured for the year.
2. Compute cost of goods sold for the year.
48,000
142, 200
144,400

Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute cost of goods sold for the year.
Cost of goods sold
Goods available for sale
BECK MANUFACTURING
Partial Income Statement
For Year Ended December 31
Cost of goods sold
Show Transcribed Text
Required 1
Direct materials:
Required 2
Complete this question by entering your answers in the tabs below.
Raw materials available for use
Direct materials used
Prepare the schedule of cost of goods manufactured for the year.
Beck Manufacturing
Schedule of Cost of Goods Manufactured
For Year Ended December 31
Factory overhead:
Total manufacturing costs
$
Total cost of work in process
Cost of goods manufactured
0
0
0
3
$
$
0
0
0
0
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